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← READERS DIGEST PARTNERS FOR SIGHT FOUNDATION

Form 990 for tax year 2023

Filed by READERS DIGEST PARTNERS FOR SIGHT FOUNDATION.

Totals

Total revenue
$702,752
Total expenses
$1,104,901
Contributions and grants received
$39,567
Grants paid
$495,610
Program service revenue
$0
Investment income
$402,734
Other revenue
$260,451
Total assets, end of year
$13,743,802
Total liabilities, end of year
$588,366
Net assets or fund balances, end of year
$13,155,436
Program services expenses (Part IX)
$875,959
Management and general expenses
$228,942
Fundraising expenses
$0
Program service expenses (Part III)
$875,959

Program services were 79.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $39,567

  • 3 · Investment income

    total $377,804 · excluded $377,804

  • 5 · Royalties

    total $1,992 · excluded $1,992

  • 7a · Gross sales of assets other than inventory

    securities $3,248,527

  • 7b · Less cost or other basis and sales expenses

    securities $3,223,597

  • 7c · Gain or loss

    securities $24,930

  • 7d · Net gain or loss

    total $24,930 · excluded $24,930

  • 10a · Gross sales of inventory

    $663,258

  • 10b · Cost of goods sold

    $404,799

  • 10c · Net income from sales of inventory

    total $258,459 · related or exempt $258,459

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $495,610 · program services $495,610

  • 7 · Other salaries and wages

    total $129,265 · program services $103,412 · management and general $25,853

  • 10 · Payroll taxes

    total $11,352 · program services $8,052 · management and general $3,300

  • 11b · Fees: legal

    total $945 · management and general $945

  • 11c · Fees: accounting

    total $56,500 · management and general $56,500

  • 11f · Fees: investment management

    total $50,000 · management and general $50,000

  • 11g · Fees: other

    total $62,639 · management and general $62,639

  • 13 · Office expenses

    total $12,818 · program services $8,651 · management and general $4,167

  • 14 · Information technology

    total $16,789 · management and general $16,789

  • 16 · Occupancy

    total $1,587 · program services $952 · management and general $635

  • 19 · Conferences, conventions and meetings

    total $383 · management and general $383

  • 20 · Interest

    total $132 · management and general $132

  • 23 · Insurance

    total $1,616 · management and general $1,616

  • 24a · Other expenses: PROMOTION AND BILLING

    total $169,785 · program services $169,785

  • 24b · Other expenses: FULFILLMENT COSTS

    total $89,497 · program services $89,497

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $5,983 · management and general $5,983

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338,304 · end of year $103,243

  • 2 · Savings and temporary cash investments

    beginning of year $25,202 · end of year $15,930

  • 4 · Accounts receivable

    beginning of year $14,423 · end of year $6,439

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,162 · end of year $7,773

  • 11 · Investments: publicly traded securities

    beginning of year $12,676,666 · end of year $13,610,147

  • 15 · Other assets

    beginning of year $270 · end of year $270

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,389 · end of year $38,100

  • 19 · Deferred revenue

    beginning of year $559,376 · end of year $550,266

  • 27 · Net assets without donor restrictions

    beginning of year $12,428,262 · end of year $13,155,436

Mission and programs · 2023

Mission

SEE SCHEDULE OREADER'S DIGEST PARTNERS FOR SIGHT FOUNDATION IS DEDICATED TO FOSTERING THE INDEPENDENCE OF PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED. WE BELIEVE IN AN ACCESSIBLE AND INCLUSIVE WORLD WHERE PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED HAVE THE TOOLS, RESOURCES, AND OPPORTUNITY TO LEAD INDEPENDENT AND FULFILLING LIVES. THROUGH OUR SUPPORT OF NON-PROFIT ORGANIZATIONS THAT SHARE THIS PHILOSOPHY, WE ARE MAKING THE WORLD MORE ACCESSIBLE TO NAVIGATE FOR THOUSANDS OF PEOPLE EVERY DAY.

Activities or mission (Part I)

SEE SCHEDULE O

  • READER'S DIGEST PARTNERS FOR SIGHT FOUNDATION PROVIDES VALUABLE FINANCIAL ASSISTANCE TO ORGANIZATIONS THAT DIRECTLY SUPPORT INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED. THIS CRUCIAL AID EMPOWERS THESE ORGANIZATIONS TO CATER TO PEOPLE OF ALL AGES AND DIVERSE STAGES OF VISION LOSS BY OFFERING COMPREHENSIVE TRAINING IN ESSENTIAL SKILLS LIKE DAILY ACTIVITIES, ORIENTATION AND MOBILITY TRAINING, ASSISTIVE TECHNOLOGY, GUIDE DOG USAGE, LOW VISION REHABILITATION, LITERACY, AND BRAILLE. MOREOVER, THE FOUNDATION EXTENDS ITS GENEROUS SUPPORT TO ORGANIZATIONS OFFERING CAREER DEVELOPMENT, VOCATIONAL TRAINING, RECREATIONAL ACTIVITIES, AND YOUTH TRANSITIONING PROGRAMS FOR BLIND AND VISUALLY IMPAIRED PERSONS. RDPFS ALSO LENDS A HELPING HAND BY PROVIDING AN ASSISTIVE TECHNOLOGY RESOURCES LIST AND ENGAGING IN OUTREACH TO LOW-VISION ORGANIZATIONS.RDPFS HAS A THOROUGH GRANT PROPOSAL AND OUTCOME EVALUATION PROCESS, WHICH HELPS ENSURE THE SUCCESS OF THE FUNDED PROGRAMS. IN FISCAL YEAR 2024, RDPFS MADE 17 GRANTS TO 16 ORGANIZATIONS ACROSS THE UNITED STATES. GRANT MONIES WERE DESIGNATED FOR:*DATA PROJECT FOR WORKING-AGE BLIND AND VISUALLY IMPAIRED ADULTS LIVING IN NEW JERSEY.*DISSEMINATION OF BENEFITS INFORMATION AND CRUCIAL ADVOCACY TIPS FOR BLINDED VETERANS.*ACCESSIBLE TRAINING PROGRAM FOR HIGH SCHOOL STUDENTS TO LEARN DIGITAL EFFICIENCY AND ENSURE WEBSITES ARE ACCESSIBLE WHEN BUILT. *BRIDGING THE DIGITAL DIVIDE FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS BY PROVIDING AFFORDABLE, ACCESSIBLE, REFURBISHED COMPUTERS AND TRAINING.*DESIGN AND IMPLEMENT A NATIONAL MODEL FOR ACCESSIBLE MUSIC INSTRUCTION IN HIGHER EDUCATION.*SUPPORT FOR A VIRTUAL YOUTH ENRICHMENT PROGRAM TO ADDRESS THE NEEDS OF VISUALLY IMPAIRED CHILDREN IN NEW YORK STATE.*IMPLEMENT BEST PRACTICES FOR SUPPORTING AND ENGAGING INDIVIDUALS WITH VISION LOSS OR BLINDNESS AND THEIR ALLIES AS LEADERS AND ADVOCATES FOR IMPROVED CARE, POLICIES, AND COMMUNITY SUPPORT.*LAUNCH TRAINING AND DEVELOPMENT, FAMILY SUPPORT, RESEARCH AND DATA COLLECTION, AND PUBLIC AWARENESS CAMPAIGN ON CVI.*SUPPORT FOR A ONE-ON-ONE PEER SUPPORT PROGRAM FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS.*SUPPORT FOR AN ORIENTATION AND MOBILITY INTERNSHIP PROGRAM FOR GRADUATE STUDENTS.*SUPPORT FOR A NATIONAL TEACHERS OF THE VISUALLY IMPAIRED RECRUITMENT PROJECT.*SUPPORT THE FIRST PHASE OF A NATIONAL SURVEY TO STUDY A MORE FINANCIALLY SUSTAINABLE MODEL OF LOW-VISION SERVICE DELIVERY.*SUPPORT THE FIRST PHASE OF A NEW STUDY, A NATIONAL SURVEY.*SUPPORT TO EXPAND ACCESS TO CURRICULUM REPOSITORY DEVELOPED BY FACULTY TO SUPPORT TEACHING ACCESSIBILITY TO THEIR STUDENTS.*SUPPORT FOR A NEWLY CREATED ORIENTATION AND MOBILITY PROGRAM TO HELP ATHLETES BECOME INDEPENDENT IN THEIR NAVIGATION AROUND THEIR CAMPUS AND THEIR COMMUNITY.*SUPPORT FOR LOW VISION DIRECT CARE SERVICES AND CONNECTING PEOPLE WITH VISION LOSS TO RESOURCES IN PENNSYLVANIA.COLLECTIVELY, THESE PROGRAMS REACH THOUSANDS OF BLIND AND VISUALLY IMPAIRED INDIVIDUALS NATIONWIDE EACH YEAR.

    Expenses $566,227 · Grants $495,610

  • IN FY 2024, THE RDPFS EXTENSIVE PRINT PUBLISHING PROGRAM SIGNIFICANTLY CATERED TO THE NEEDS OF 30,055 INDIVIDUALS THROUGH ITS "FICTION FAVORITES LARGE PRINT (FORMERLY SELECT EDITIONS LARGE TYPE) PERIODICAL. A TOTAL OF 150,277 VOLUMES WERE DISTRIBUTED TO SUBSCRIBERS, ENSURING THEY HAD ACCESS TO ENGAGING READING MATERIAL TAILORED FOR EASE OF READING FOR THOSE WITH LOW VISION. IN ADDITION TO THE PROMINENT PRINT PERIODICAL, SUBSCRIBERS RECEIVED A LARGE PRINT CALENDAR WITH ESSENTIAL INFORMATION ON ACCESSING LOW-VISION SERVICES. BY OFFERING CONTENT FORMATTED AND PRINTED TO SPECIFIC ACCESSIBILITY STANDARDS, THE PROGRAM IS COMMITTED TO EMPOWERING INDIVIDUALS WITH LOW VISION, ENSURING THEY CAN ENJOY READING AND STAY INFORMED IN A WAY THAT FULFILLS THEIR UNIQUE NEEDS.

    Expenses $309,732 · Revenue $258,459

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Krieger

    CHAIR

    Total calculated
    $0
    Hours/week
    4.5

  • James Deremeik

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • John Krieger

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • Rob Hilliard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Ackermann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Donna Esposito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elise Grossman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • William O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Naima West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Winfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Dianna M Naghizadeh

    GRANT DIRECTOR

    Total calculated
    $129,265
    From this org
    $125,500
    From related orgs
    $0
    Other
    $3,765
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
9 November 2024
IRS schema version
2023v5.1
Source object
202433149349300723

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.